COVID-19 accelerates Southeast Asia’s transition towards a cashless society — study

By Linda Khoo Hui Li BANGKOK, June 3 (NNN-Bernama) — The COVID-19 pandemic has accelerated Southeast Asia’s transition towards a cashless society, while eCommerce continues to grow as consumers explore new shopping channels during the pandemic, according to the latest Visa Consumer Payment Attitudes Study. The report also stated 93…

Malaysian ringgit to strengthen against US dollar by year-end, says economist

KUALA LUMPUR, June 3 (Bernama) — The Malaysian ringgit is expected to strengthen to the RM4.25 level against the US dollar by the end of the year amid Malaysia’s strong economic fundamentals. AmBank Group chief economist and Economic Action Council secretary Dr Anthony Dass said economic data is indicating that…

Egypt Vows To Continue Support Crisis-Hit Lebanon: Minister

BEIRUT, Jun 3 (NNN-NNA) – Egypt will continue to support Lebanon, and stand with the Lebanese people, as the country faces a difficult situation, visiting Egyptian Minister of Social Solidarity, Nivine El Kabbag, said yesterday. El Kabbag made the remarks upon her arrival in the Lebanese capital, Beirut, where she…

Afghanistan says India will help in boosting exports

By Shakir Husain NEW DELHI, June 3 (NNN-Bernama) — Afghanistan’s interim government said on Thursday India will provide it with more facilities to increase exports as an Indian delegation held talks with acting Foreign Minister Amir Khan Muttaqi in Kabul. India has “recently opened up its borders and ports for…

Malaysia’s exports, imports unit value indices record growth in April 2022

KUALA LUMPUR, June 3 (NNN-Bernama) — Malaysia’s export prices in April 2022 remained steady with an increase of 1.1 per cent to 143.0 points from 141.5 points in March 2022, said the Department of Statistics Malaysia (DoSM).  Meanwhile, the import unit value index also registered an increase of 2.4 per cent to 129.0 points,…

Malaysian ringgit regains strength against US dollar at opening

By Rosemarie Khoo Mohd Sani KUALA LUMPUR, June 3 (NNN-Bernama) — The Malaysian ringgit regained some strength to open higher against the US dollar as the greenback’s demand weakened amid expectations of an aggressive monetary policy stance by the US Federal Reserve (Fed) in the third week this month. At…

Jordan, UAE, Egypt Ink Agreement On Grains Production

AMMAN, Jun 3 (NNN-PETRA) – Jordan said yesterday that, it has reached an agreement with the United Arab Emirates (UAE) and Egypt, on planting wheat, barley and corn in Jordan, to boost cooperation on food security. Planting the crops in Jordan is part of a joint venture between Jordan and…

Sri Lanka Runs Out Of Money To Feed Animals In Zoos Amid Economic Crisis

COLOMBO, Jun 3 (NNN-XINHUA) – Sri Lanka’s Department of Zoology, informed the Wildlife Ministry that, it has run out of funds to provide daily food to animals in zoos, amid the ongoing economic crisis, local media reported, yesterday. Department officials, quoted by media reports, said that, there was a severe…

Bangladesh Bank To Allow Floating USD-Taka Exchange Rate

DHAKA, Jun 3 (NNN-BSS) – The central bank of Bangladesh, yesterday withdrew fixed U.S. dollar-taka exchange rate, allowing the market to set the price, based on demand and supply. Md Serajul Islam, spokesperson and an executive director of the Bangladesh Bank (BB), made the announcement. The latest BB move aims…

Kuwait To Increase Oil Production To 2.77 Million Bpd In July

KUWAIT CITY, Jun 3 (NNN-KUNA) – Kuwait yesterday announced that, its oil production will rise to nearly 2.77 million barrels per day (bpd) in July. Kuwaiti Deputy Prime Minister and Oil Minister, Mohammad Al-Fares, made the announcement, after participating in the 29th Organisation of the Petroleum Exporting Countries (OPEC) and…
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